Rwanda, Morocco Sign 12 Cooperation Agreements

Rwanda’s Minister of Foreign Affairs and Cooperation and his Moroccan counterpart Nasser Bourita have signed twelve bilateral cooperation agreements meant to promote energy, education, trade, environment and judiciary of both countries.

The agreements were signed during the first meeting of the joint permanent commission that was attended by delegates of both countries in Rabat – Morocco on Tuesday.

This puts Morocco on the list of countries that signed the biggest number of cooperation agreements with Rwanda in a row.

In October 2016, Morocco and Rwanda signed 21 hot deals of projects on a -3 day historic visit by Morocco’s King Mohammed VI.

Minister Sezibera with Habib El Malki, President of the House of Representatives of Morocco

For example, a Moroccan real estate company announced it will construct 5000 affordable housing units in Ndera sector, Gasabo district. Palmerie Development Group Company sealed the deal worth $ 68 million.

Development Bank of Rwanda (BRD), a partner in this project told KT Press recently, that the project will kick start in the second quarter of this year.

Meeting with Saâdeddine El Othmani, Prime Minister of the Kingdom of Morocco

First phase of the project will cost $12.4 Million and is expected to be accomplished within one year if all goes as planned.

Other projects were in business, agriculture, politics, infrastructure, education, health, social welfare and security.

The King himself has invested $41 million in acquisition of 76.19% shares in Cogebanque-a commercial bank that was owned by Rwandan shareholders.

With Anass Doukkali, Morocco’s Minister of Health

The investment was made through Attijariwafa Bank, the leading bank in Morocco which is also part of King Mohammed VI‘s holding company, Société Nationale d’Investissement (SNI).

Back to the current visit to Morocco, Sezibera also met with several officials including; His Excellency Saâdeddine El Othmani, Prime Minister of the Kingdom of Morocco, in the framework of the first Joint Permanent Commission (JPC) between Rwanda and Morocco.

He also met Anass Doukkali, Morocco’s Minister of Health and Habib El Malki, President of the House of Representatives of Morocco with whom they held “Great exchange of views,” according to the Minister.

Sezibera met with Rkia Derham, Secretary of State for Foreign Trade in Ministry of Industry, Investment, Trade and Digital Economy of Morocco.